Investments in Affiliates

9 Months Ended

Sep. 30, 2024

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Note 8 – Investments in Affiliates

The Invesco Short Term Treasury ETF, formerly known as the Invesco Treasury Collateral ETF, is an investment company registered under the Investment Company Act of 1940, as amended, whose shares are primarily purchased and sold on a national securities exchange. In seeking its investment objective, the Invesco Short Term Treasury ETF primarily holds U.S. Treasury Obligations that: (i) are issued in U.S. Dollars; (ii) have a minimum remaining maturity of at least one month and a maximum remaining maturity of 12 months at the time of rebalance; and (iii) have a minimum amount outstanding of $300 million. Because it is advised by the Managing Owner, the Invesco Short Term Treasury ETF is an affiliate of the Fund.

The Invesco Government & Agency Portfolio is a Government Money Market Fund, as defined by Rule 2a-7, under the Investment Company Act of 1940, as amended, whose shares are primarily purchased and sold through financial intermediaries. In seeking its investment objective, the Invesco Government & Agency Portfolio primarily invests in cash, Government Securities, and repurchases agreements collateralized by cash or Government Securities. The Invesco Government & Agency Portfolio and the Fund are advised by investment advisers under common control of Invesco Ltd., and therefore the Invesco Government & Agency Portfolio is considered to be affiliated with the Fund.

The following is a summary of the transactions in, and earnings from, investments in affiliates for the three and nine months ended September 30, 2024.


	Value 06/30/2024		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value 09/30/2024		Dividend Income
Invesco Short Term Treasury ETF	$	215,106,065	$	—	$	—		$	387,505	$	—	$	215,493,570	$	2,804,986
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		831,551,651		249,837,211		(579,269,130	)		—		—		502,119,732		8,519,057
Total	$	1,046,657,716	$	249,837,211	$	(579,269,130	)	$	387,505	$	—	$	717,613,302	$	11,324,043


	Value 12/31/2023		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value 09/30/2024		Dividend Income
Invesco Short Term Treasury ETF	$	215,381,398	$	—	$	—		$	112,172	$	—	$	215,493,570	$	8,249,696
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		692,738,727		1,411,042,779		(1,601,661,774	)		—		—		502,119,732		28,508,356
Total	$	908,120,125	$	1,411,042,779	$	(1,601,661,774	)	$	112,172	$	—	$	717,613,302	$	36,758,052

The following is a summary of the transactions in, and earnings from, investments in affiliates for the three and nine months ended September 30, 2023.


	Value 06/30/2023		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value 09/30/2023		Dividend Income
Invesco Short Term Treasury ETF	$	141,424,723	$	73,677,150	$	—		$	65,377	$	—	$	215,167,250	$	2,362,506
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		1,039,991,524		491,580,300		(335,185,223	)		—		—		1,196,386,601		14,895,087
Total	$	1,181,416,247	$	565,257,450	$	(335,185,223	)	$	65,377	$	—	$	1,411,553,851	$	17,257,593


	Value 12/31/2022		Purchases at Cost		Proceeds from Sales			Change in Unrealized Appreciation (Depreciation)		Realized Gain (Loss)		Value 09/30/2023		Dividend Income
Invesco Short Term Treasury ETF	$	141,250,406	$	73,677,150	$	—		$	239,694	$	—	$	215,167,250	$	5,271,937
Investments in Affiliated Money Market Funds:
Invesco Government & Agency Portfolio, Institutional Class		1,284,100,134		2,791,656,593		(2,879,370,126	)		—		—		1,196,386,601		40,031,375
Total	$	1,425,350,540	$	2,865,333,743	$	(2,879,370,126	)	$	239,694	$	—	$	1,411,553,851	$	45,303,312